Here's everything I own. What should I do at this point? I'm 29, not married, no kids. I pay off the credit cards every month.
>>62076965>What should I do at this point?kys
damn bro you didn't manage to buy a house?its over.
>>62077645I live alone paying $900 for rent, so I didn't see the point of getting a 30 year mortgage, especially when I don't know if I'll live more than 5 years where I currently live.
>>62076965>401kYeah bro just keep waging for more than the entire duration of your life thus far and you'll be entitled to access SOME of "your" money kek
>>62077869I'm just matching what my employers give out. Idk what else to do hence the post
>>62076965
>>62076965read a book nigger, the best thing to do is dca into an index fund like spy, qqq, or dia it's very boring but in 20-30 years you'll be pretty well off if you keep contributing
>>62077645The oil crisis will crash housing, and then you can buy one. Anyone who bought in the last 10 years will be underwater.
>>62076965as a profitable trader and if i were in your position with my knowledge i would cash out the 401k pay the tax for cashing out and dca into MSTR then sell when it does a 5x-20x or pi cycle top on mstr
>>62077966if youd like to consult im happy to advise for any sort of risk tolerance i beat the s&p for 2 years in a row this and last year with 6 figures from inheritance
>>62077887the 401k is already in spy. I was holding SGOV (0-3 month treasury bonds) to buy up BTC later this year>>62077966would you buy MSTR instead of BTC? I was thinking to dca into the BTC ETF with my IRA first, then brokerage money to Coinbase cold wallet self custody, then 401k assuming it's below my cost basis through a BrokerageLink (self directed brokerage window for a 401k) to buy FBTC
>>62077658Where that rent's so cheap?
>>62079363I'm in a small town in the southwest. There's nothing to do. My family lives close by, so I mainly spend time with them and some old buddies or just drive an hour away to the city if I want to do stuff. I work from home, so I figure it's the best option
>>62076965Wagies really count their 401k as part of Net Worth? You can't access it until you're 55 ( really 59).
>>62077892Your age also matters. They aren't expecting 18 year olds in 2025 to immediately be millionaires. Some of those millionaires (the majority?) are 60+ and had years of wealth compounding. If you're not a millionaire after 40 years of adult life in the USA something has gone horribly wrong.
>>62077971MSTR multiples better than BTC and there isnt any custodial risk, so thats better its insured through FDIC with your broker. i would buy your btc this year minimum dont wait too long. bottom will approach in june ish
>.1 oz physical gold Yep you’re fucked
>>62077971dont listen to that guy, it's michael saylor. they are so depserate for investors they are shilling to individuals on 4chan
>>62077869>>62079393Every non-crypto financial post just has to have a few of these faggots hoping to drag others down to their level. We know there’s plenty of godawful kiked 401k plans but worst case take the free match and put it in a self directed IRA when you change jobs.At least google 72(t) distributions or Roth ladder before you shit up another thread.
>>62076965wait do people actually count their IRAs and 401k when they talk about their networth?lol, lmao
>>62076965I'm 29, have 300k, and a wife that's regularly compared to Anne frank
>>62080826It's unrealized gain, not a real asset, like "home equity".
>>62080820You’re stupid as fuck
>>62080741why june instead of October? Isn't it usually about 12 months from ATH to ATL?Will probably start to dca in June anyway though just in case
>>62076965My overall opinion is you're playing it way too safe. At this rate, maybe you'll retire comfortably when you're 60. I'm heavy in crypto (BTC/ETH), megacap tech stocks, and S&P 500 ETFs for nearly $2 mil net worth despite the crash (-$800k) over the past 6 months.It's good that you're using credit cards. You could extract even more value by rotating through new credit cards that offer a sign up bonus. I also like the cards with 0% APR for 12-15 months because those gives me a chance to hold off on paying off immediately while I invest/trade the freed up cash.
>>62080879Not sure if this is a compliment or not...
>>62076965I assume 401k and roth are mostly in indexes? You are doing well man...If you want you can start allocating new contributions to riskier things like microcaps and crypto to try it out but I would'n change your current holdings.
>>62076965Taking financial advice from /biz/ will lead you to financial ruin judging by most of this thread.>lol just gamble everything on shitcoins Like not everyone hates working so much that they need to risk it all on moonshots
>>62081275>credit cards that offer a sign up bonusThanks, what cards do you recommend?Currently using these:Amazon prime card with Chase for 5% backWalmart Capital One card for 5% back US Bank Visa Signature for 5% back on internet and electric billsNavy Fed cashRewards for 2% on everything else>I also like the cards with 0% APR for 12-15 monthsMight get one of these once I run out of money to dca with.If you were in my position, what would you recommend starting to do? Currently going with the guy above's plan to dca into MSTR in June. Will probably dca across 6 months starting with the IRA, then brokerage, then slowly dipping into the 401k and exploring other options to buy while my cost basis is low, then selling conservatively on the way up.>>62081581yeah, the 401k is in indexes, but the IRA is in 0-3 month treasury bonds. I did have it in VOO but traded out to play it a bit more safe and have dry powder for something better. I only made this account so I could trade without tax liabilities.
>>62082216>Thanks, what cards do you recommend?Google is your best friend but I would start with the Chase cards; Freedom Unlimited, Freedom Flex. So many banks like Capital One, Wells Fargo, Bank of America, etc. offer these $200-500 bonuses on multiple credit cards. It's literally free money.>what would you recommend starting to doBased on my past experiences and what I know now, if I were in your position I would DCA wagiebucks into BTC, put IRA/401k holdings into an ETF tracking the S&P 500 (VOO or SPY), and continue working/investing that way for the next decade. Don't chase short term gains for $10k chump change.
>>62077658>i want to travel and rent everywhereHave fun being poor forever. Seriously you need to buy something or you will be giving this same cope when you are 40.
>>62082367Thank you. I guess I was wondering if it's worth based on the cashback setup I've got, but will at least swap out the 2% rewards card for anything with a bonus. I also send my paychecks to banks that offer a bonus, then send it all back to my brokerage. It's usually $300-400 for sending $1500-2000 a paycheck twice and keeping it there for a month or two.>DCA wagiebucks into BTC, put IRA/401k holdings into an ETF tracking the S&P 500 (VOO or SPY), and continue working/investing that way for the next decadeThanks, that's reasonable.>>62082424I'll consider it. How expensive of a home should I go for? I'm thinking a 3 bed, 2 bath for under $250k. I'm just hoping the market dips considering the short supply of buyers right now. I'll look into everything I can do to get a good deal, but I would think I'd outperform with VOO or BTC etc in a decade compared to the home's value.
>>62076965Why people have money in the 401K bullshit?
>>62082528My employer matches it to a certain percentage, so it's a free 2x.
>>62082578>a free 2xOn a constantly devaluing dollar that you can't touch until you're entering the final stages of your life. Need any of it early? Suffer the harsh tax penalties.It's a scam to invest in the ponzi scheme this late in the game when you still have decades of work ahead of you just for an IOU on your own money.
>>62082678Well, it's a match to the dollar equivalent in the sp500. What would you have me do then? Skip the 2x and try to outperform this in a brokerage? From how I see it, I would need the money at my old age anyway. Even if I had millions right now, I'd only be liquidating 3.5% max in a year with the rest in index funds to maintain the same purchasing power long term.
>>620825043br, 2ba sounds perfectly reasonable. Typically, these days, people put down 5% on a home. That 20x leverage is hard for other investments to compete with in terms of performance. You'll still be able to invest in other things (VOO, BTC, etc).
